More than 400 dealers traveled to the nation’s capital in support of a new bill that could nullify the CFPB’s guidance on auto lending.
In order to provide policymakers and journalists with information about the franchised new-car dealer model, the NADA has added a new animated video to its “Get The Facts” initiative.
Hybrids retain less of their original value than their non-hybrid counterparts, and steady gas prices and improving fuel economy will make hybrids less appealing to consumers, the NADA reports.
Auto Dealer TV's Jennifer Nebrich reports on Lithia Motors' acquisition of DCH Auto Group, a new Congressional challenge to the CFPB and the NADA's campaign to educate consumers on the benefits of the franchise system.
Auto Dealer TV's Jennifer Nebrich brings you the latest on May sales and auto finance trends for the first quarter. Also this week, the NADA issues a report on the cost of keeping up with federal regulations, while the FTC fines CPS $5.5 million.
Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.
The number of people employed by the automotive retail industry topped the 1 million-person mark last year, with the average new-car dealership employing, on average, 57 people, the NADA reports.
Auto Dealer TV's Jennifer Nebrich reports on the NADA's case against flat fees, while biweekly payment providers unite. Also this week, Fifth Third Bank comes under regulator scrutiny, while California cracks down on the sale of used vehicles with open recall issues.
Officials with Penske Automotive Group, which reported a record fourth quarter, said the operation will “wait and see” when it comes to adopting the NADA’s new fair lending compliance program.
Clinton told dealers during the National Automobile Dealers Association Convention & Expo in New Orleans this week that building and selling cars 'helped create the American middle class.'
